The Madrid 2020 Olympic bid faltered at the first round of votes in Buenos Aires on Saturday, but Atlético Madrid’s stadium move will not be affected.

On Saturday Madrid ultimately failed to win their bid to host the 2020 Olympics, with a budget bid that planned to utilise infrastructure already in place, or facilities that would be constructed years in advance of the games.

The new Madrid Olympic Stadium, utilising aspects of the existing construction at Estadio La Peineta is already well under construction. Atlético Madrid are set to relocate to this stadium ready for the 2015-2016 season, in a move that will be funded by the redevelopment of their existing Estadio Vicente Calderón home.

Even with the failure of the Madrid Olympic bid, both Atlético Madrid and the City Council are firmly committed to the project. The plans to see the project through, remain unaffected.

Atlético Madrid originally presented their proposals in December 2011 and at the same time, announced that initial work to redevelop the site, had already begun. Further proposals followed that allowed the new 67,500 capacity stadium to be converted, in the event of Madrid winning their bids to host the Olympics, to suit the purposes of the show-piece games.

This superb video offers an excellent visual interpretation, of what the completed project should look like.